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When using the cost of debt, the relevant number is the: pre-tax cost of debt, since it is the actual rate the firm is paying

When using the cost of debt, the relevant number is the:

pre-tax cost of debt, since it is the actual rate the firm is paying bondholders.
post-tax cost of debt, since dividends are tax deductible.
None of these.
pre-tax cost of debt, since most corporations pay taxes at the same tax rate.
post-tax cost of debt, since interest is tax deductible

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